HP Posts Upbeat Earnings, Joins Foot Locker, American Superconductor, Red Robin Gourmet Burgers And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Avi Kapoor
HP Inc. and several other major stocks saw significant gains on Thursday despite a general market downturn. HP's shares rose sharply following better-than-expected Q2 financial results. Other notable gainers include Foot Locker, American Superconductor, Red Robin Gourmet Burgers, and Burlington Stores, among others.
May 30, 2024 | 2:45 pm
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American Superconductor shares jumped 25.4% to $19.79 following strong quarterly earnings.
The strong quarterly earnings report from American Superconductor drove a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Burlington Stores shares gained 19.2% to $238.93 following better-than-expected first-quarter earnings.
Burlington Stores' better-than-expected Q1 earnings results led to a significant increase in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Foot Locker shares rose 25.9% to $28.35 following a first-quarter earnings beat.
Foot Locker's strong Q1 earnings results led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
HP Inc. shares rose 12.5% to $36.94 following better-than-expected Q2 financial results, with net revenue and adjusted EPS surpassing expectations.
HP's better-than-expected Q2 financial results, including a revenue beat and higher adjusted EPS, drove the stock price up significantly.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Red Robin Gourmet Burgers shares climbed 22% to $8.21 following first-quarter results.
Red Robin's Q1 results led to a significant increase in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70